TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter earnings of $997 million.
The bank, based in Toronto, said it had earnings of 75 cents per share. Earnings, adjusted for non-recurring costs, were 93 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The bank posted revenue of $13.8 billion in the period. Its revenue net of interest expense was $6.12 billion, which topped Street forecasts.
For the year, the company reported profit of $5.49 billion, or $4.29 per share. Revenue was reported as $23.95 billion.
Bank of Nova Scotia shares have fallen roughly 10% since the beginning of the year. The stock has decreased 17% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS
